What if I told you that the $100 pair of jeans you want to buy doesn’t actually cost $100. They cost $1,238.48 Looking to drop $500 on a new television? Too bad it will cost you $6,192.40 Do you like Starbucks? I love Venti Caramel Macchiatos, for which I pay about $5.50. Drinking one per […]

Bonds are possibly the oldest financial instrument in history. That’s because a bond is a loan, and lending has been around for thousands of years. There are trillions (yes, Trillions) of dollars worth of bonds outstanding around the globe. That’s a lot of borrowing and lending! The global bond market is much larger than the stock […]

In my last post, we got a little exposure to a new concept called an interest rate. (If you haven’t read the last post, go read it now!) Interest rates are the reason time has value. A dollar today is worth more than a dollar tomorrow, because a dollar invested today can earn interest over time. I.e. […]

BUCKLE UP! We’re going to cover a lot today! In the last post, we got a little taste of a powerful concept called Time Value of Money. Do you remember the maxims? “A dollar today is worth more than a dollar tomorrow.” “Money can earn me money.” Hopefully you’ve let the above ideas simmer a bit. Today, […]

You’ve heard it before, “Time is money!” I bet you didn’t know that this is true, both figuratively and literally. Repeat after me, “A dollar today is worth more than a dollar tomorrow.” “A dollar today is worth more than a dollar tomorrow.” This is the first lesson in finance. It’s also the most important lesson. […]